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Why leading oil and gas companies rely on GAN Integrity

GAN Integrity is how compliance teams at oil and gas companies get the tools and expertise to stay ahead of risk. With less effort and more reach, you finally get a better way to do your good work.

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See everything – Gain a comprehensive view of overall risk and compliance in one centralized platform for more effective program management.

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Adapt to anything – Leverage dynamic workflows and integrations to stay ahead of regulatory changes and evolving program requirements, all without heavy lifting or expense.

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Get all the help you need – Receive dedicated support from GAN Integrity’s team of experts.

Compliance challenges for the oil and gas industry

Compliance officer challenge

As a compliance professional in the oil and gas industry, you are tasked with ensuring your company complies with a complex web of regulations, standards, and guidelines. These regulations span a wide range of jurisdictions - local, national, and international - and encompass a broad spectrum of risk types.

Oil and gas companies face unique compliance challenges, including environmental risks, stringent health and safety standards, and complex upstream and downstream  logistical operations. Doing business in this industry often requires interactions with government officials, either directly or through intermediaries, which increases the risk of anti-bribery and corruption violations. Additionally, compliance responsibilities extend beyond the company's immediate operations and into third-party risk management and compliance.

Key areas of compliance in oil and gas companies

Oil and gas enterprises are complex organizations. There’s many areas of ethics and compliance that need to be managed, spanning everything from Environmental Compliance, to ABAC Compliance to Health and Safety. These include:

  • Environmental Compliance: Adhering to regulations aimed at minimizing the ecological footprint of upstream and downstream oil and gas activities.
  • ABAC Compliance: Ensuring that anti-bribery and anti-corruption (ABAC) laws and standards are upheld.
  • Supply Chain Due Diligence: Ensuring suppliers and partners also comply with relevant laws and standards. Due diligence may now be expected deeper into the supply chain, beyond tier 1.
  • Cybersecurity: Safeguarding sensitive information and systems in an increasingly digital landscape.
  • Labor Laws: Observing fair employment practices and labor standards.
  • Intellectual Property Security: Protecting and respecting patents, trademarks, and copyrights.
  • Export Controls: Complying with international trade laws.
  • Vessel Sanctions Compliance: Ensuring business activities are not conducted with sanctioned vessels or maritime services.
  • Workplace Safety: Implementing standards for a safe working environment.
  • Continuous Improvement: Regularly updating and enhancing compliance measures.

Steps to achieving compliance in the oil and gas industry

Achieving compliance in any organization involves a series of strategic steps:

Compliance in the Oil & Gas Industry

1
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Risk Assessment

Identifying potential compliance risks.

2
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Objective Setting

Defining clear compliance goals.

3
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Documentation

Keeping thorough records of compliance efforts.

4
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Training

Educating employees about compliance requirements.

5
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Monitoring and Auditing

Regularly reviewing compliance status.

6
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Reporting System

Establishing clear channels for reporting issues and disclosures

7
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Issue Response

Quickly addressing non-compliance issues.

8
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Continuous Improvement

Regularly updating compliance practices.


GAN Integrity for Oil & Gas Companies

GAN Integrity helps oil & gas companies navigate these challenges with a unified, easy-to-use compliance platform that organizes requirements, automates tasks, and provides powerful reporting, making it easier for you to do your good work. With GAN Integrity, compliance teams can see everything, adapt to anything, and get all the help they need.

ABAC Program Management

Ensure your organization upholds ethical integrity and ABAC compliance through comprehensive risk assessments, effective policy management, and continuous monitoring. Capabilities include:

  • Third-party due diligence: Mitigate bribery and corruption risks with integrated questionnaires, sanctions checks, and risk intelligence data.
  • Disclosure management: Consolidate and assess conflicts of interest, gifts, travel, entertainment, and political and charitable contribution disclosures.
  • Reporting and documentation: Maintain a complete audit trail and detailed reporting to easily demonstrate compliance to stakeholders and regulators.
GAN Intergrity ABAC Compliance

Ready for better? Receive a personalized demo.

Schedule your personalized demo of our solutions to start your journey toward a better way to unify ethics, compliance, and risk management across your enterprise.

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